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Legislative and Other Updates

Economic Development Incentives and Legislative Update

Leslie WagnerDirector of Project Management

GINOVUS

Topics for Discussion

• Economic Development Incentive Tools

• Legislative Updates

• Regional Cities Initiative

Indiana Financial Incentive ToolsLocal and State Level

Q: Why are incentives offered?

A: To help strengthen the economy and increase opportunities for employment

Q: What companies are eligible to receive incentives

A: Growing companies within various industry sectorsManufacturers Information Technology

Logistics/Distribution Life Sciences

Financial Services

A Growing Company Is One That Is….

• Increasing net new employment

• Making capital investment in either real and/or personal property

• Staying/growing current location

• Relocating to a new location

• Consolidating multiple locations

Economic Development For a Growing Economy(EDGE)

• Refundable corporate income tax credit

• % award of expected increase in tax withholdings

• Phased in annually for up to 10 years

• In the event tax credit exceeds corporate tax liability, the difference is refunded in cash

Hoosier Business Investment Tax Credit (HBI)

• Non-refundable credit based upon a negotiated percentage investment in eligible expenses - such as building construction, improvements and machinery and equipment

• May be passed through or carried forward to the subsequent taxable year

Skills Enhancement Fund (SEF)

• Workforce is a critical issue for employers. Training funding available to support incumbent and new workers extremely helpful to companies.

• Cash reimbursement of eligible training expenses, up to 50%.

• Training is all inclusive – everything from soft skills, to fork lift driving, to skilled technology. Basically what is important to the company is important to the state.

Community Revitalization Enhancement District (CRED)

• Credit for up to 25% of a qualified investment for rehabilitation or redevelopment of property located within a revitalization district

• Allows gov’t to capture sales and income tax, that can then be utilized to offset needed site, infrastructure, remediation, operating expenses

• Applied against state and local tax liability

• May be passed through or carried forward to the subsequent taxable year

Community Revitalization Enhancement District (CReD)

Industrial Recovery Tax Credit

• Incentive for companies investing in former industrial facilities that require rehabilitation

• Credit for a percentage of the qualified investment depending on when the plant was first placed in service

– 15% - 15 to 29 years

– 20% - 30 to 39 years

– 25% - 40+ years

Economic Development Legislative Updates

• SB 232 – Authorizes a county, consolidated city or second class city to establish a land bank to manage and improve marketability of distressed real property

• SB 378 – variations to IEDC authorities – primarily relating to taxpayer non-compliance with incentive agreements. Put into the hands of DOR to assess non compliance penalties – rapid response to Carrier Corporation move who received $1.6M in incentives, then decided to move to Mexico

Regional Cities Legislative Update

• Quality of place improvements in 7 Indiana regions

– Strategic plans were submitted to IEDC

– 420 quality of place projects totaling $8.4 billion

• Designed to attract talent to Indiana

• Funded through tax amnesty program

• Only the top two plans were to be funded

• IEDC surprised the General Assembly byapproving 3 plans

Regional Cities Authorization

Regional Cities Authorization

– North Central – (South Bend) “Innovate Indiana Plan”• 40 projects including renovation to South Bend’s former

Studebacker buildings and improvements to Ignition Park

– Northeast – (Fort Wayne) “Road to One Million Plan”• 41 projects including a regional trails network and riverfront

development in downtown Fort Wayne

– Southwest (Evansville) “Indiana’s Great Southwest Plan” • 19 projects including medical research center in

Downtown Evansville and updates to the Evansville Regional Airport

Recent Project Case Study

Growing IT company staying in existing location

Current employment: 167

New jobs created by 2018: 69

Average wage: $45.63/hr

Investment: $1.3M (lease costs)

Incentives negotiated = $1,225,000

Average incentive per new job = $17,753

Recent Project Case Study

New to Indiana logistics/distribution facility

Current employment: 0

New jobs to be created by 2019: 185

Average wage level: $17.32 /hr

Investment: $22M (real & personal)

Incentives negotiated = $5.2M

Average incentive per new job = $28,108

Questions

Thank You

GINOVUS

Delivery, Legislation and Indy Re-Zone Updates

Tim Jensen, PE, LEED APOwner/Founder

Veridus Group, Inc.

OR / CPM ENGINEERING REAL ESTATE SERVICES

• Owner’s Representation

• Capital Program Management

• Construction Process Management

• Site Planning/Engineering

• Development Services

• Drainage and Utility Design

• Erosion Control Design

• Brokerage

• Consulting

• Property Management

Develop Design Deliver

What are we going to cover?

• Project Delivery Methods

• Recent Legislation Affecting Project Delivery

• Local Ordinance Changes – Indy Re-Zone

Why do you care?

Project Delivery Methods

• What is Project Delivery?

• Design – Bid – Build (DBB)

• Design / Build (DB)

• Construction Manager at Risk (CMaR)

• Construction Manager Agency (CMA)

• Construction Manager as Constructor (CMaC)

• Integrated Project Delivery (IPD)

Recent Legislation

• Common Construction Wage

• Construction Managers as Constructors

Indy Re-Zone

• Took effect April 1, 2016

• More sustainable, more livable

• Update and modernize the code

• Make the code easier to read and understand

Information taken from the “Intro to Indy Rezone” as presented by the Indianapolis

Neighborhood Resource Center

Indy Re-Zone

• Zoning code is organized into 5 chapters

• 740 – General Provisions

• 741 – Subdivision Regulations

• 742 – Districts

• 743 – Uses and Use-Specific Standards

• 744 – Development Standards

Sec. 740-201.A.1.b.i

Chapter 740 – General Provisions

• Provisions apply throughout the other 4 chapters

• Definitions, Language, Measurements and Calcs,

Performance Standards

• Article V – Compact and Metro Context Area

• Map is adopted as part of the ordinance

• Will be layer on GIS

• May affect development standards


• Article VIII – Improvement Location Permits (ILP)

• Mostly carried over with some changes per DCE

• Added new sections to require:

• Elevations, Landscape and Lighting Plans

• Other changes for mining and wellfield areas

• Article IX – Floodplain Development Permits

Chapter 741 – Subdivision Regulations

• Major changes to improve the quality of new

development. Key changes include:

• Now applies to commercial and industrial

• Greater emphasis on connectivity

• Emphasis on open space requirements

• Require LID in Metro Context Area

• Added stream corridor protection

• Platting – more later

Chapter 742 – Districts

• Article I – Primary Districts

• Identifies each district

• Purpose statement

• Tables with some standards

• Illustrations

• Additional standards that are unique to that district


• Article I – Key Changes

• Dwelling – D-12 eliminated, renamed as D-5

• Industrial – No longer U or S categories

• Commercial –

• C-6 eliminated, renamed C-4

• C-ID eliminated, renamed C-7

• C-2, C-3C districts renamed MU-1 and MU-2

• Mixed Use – New Classification


• Article II – Secondary Districts

• Regional Center – no changes

• Flood Control – Important changes

• Wellfield – Important changes

• Airspace – No changes

• Gravel, Sand, Borrow (GSB) – Important Changes

Chapter 743 – Use and Use-Specific Standards

• Article II – Use Table

• Changed what uses are permitted in some districts

• Consolidated uses (570 to ~150)

• Separate listing of Temporary and Accessory Uses

• Vacant Provision

• All new concept

• Added to encourage adaptive re-use

• Only for existing buildings

• Limited to commercial and industrial districts


• Article III – Use-Specific Standards

• Provides regulatory detail

• Always check for a given use

• See table for spacing

• Separate listing for temporary and accessory uses

Chapter 744 – Development Standards

• Article II – Lot and Building Dimensions

• Summarized into Tables 744-201 (1-6)

• New Construction for Non-conformities

• Special Dimension Standards

• Height Exceptions and Encroachments


• Article III – Access and Connectivity

• Includes new standards for accessible paths

• Sidewalk provisions

• Private Streets and interior access drives


• Article IV – Parking, Loading and Drive-Through

• Changes in off-street parking requirements

• Article V – Landscaping and Screening

• Important changes – “Green Factor”

• Article VI – Street and Exterior Lighting

• New Requirements

• Article VII – Design Standards

• Reserved for future regulations

www.indy.gov/eGov/City/DMD/Current/Pages/ordinance.aspx

Find the complete ordinance and attachments at:

Indy Re-Zone

ALTA SURVEY STANDARDS AND INDYREZONE PLATTING CHANGES

Bryan Moll, PS

Vice President

American Structurepoint, Inc.

Topics of Discussion

• IndyRezone Platting requirements

• ALTA Survey Standards 2016

• Types of Surveys and their intended uses

IndyRezone Platting Changes

• General Subdivision Provisions

– Title and jurisdiction

– Purpose

– Authority

– Committee Action

– Applicability

IndyRezone Platting Changes

• Subdivision Approval Procedures

– Classification of subdivisions

– Authority to file applications

– Documents submitted for primary approval

– Documents submitted for secondary approval

– Waiver of standards and specs

– Effective period of primary plat approval

– Secondary approval

• Subdivision Approval Procedures cont.

– Recording of plats

– Completion and maintenance of improvements

– Performance surety

– Completion and compliance

– Maintenance bond

– Minor Amendments to Secondary Plats

• Design and Installation Standards

– General

– Lots and blocks

– Streets and Connectivity

– Traffic Control Devices

– Numbering and naming

– Sidewalks

– Easements

• Design and Installation Standards cont.

– Utilities

– Stream protection corridors

– Common areas, open space and public sites

– Stormwater

– Monuments

– Flood control

– Water supply system

• Design and Installation Standards cont.

– Sewage disposal system

– Street Lighting

• Replats

• Administrative Review Procedures

• Vacations

• Required Covenants

• References

– http://www.indy.gov/egov/City/DMD/Current/Pages/ordinance.aspx

http://www.indy.gov/egov/City/DMD/Current/Pages/ordinance.aspx

2016 ALTA/NSPS Standards

• 2016 Standards replacing the 2011 ALTA/ACSM Land Title Survey Standards

• Effective Date 2/23/2016

• Research to be provided to the surveyor

- Title commitment, adjoiners, easements and covenants


• Monuments

• Rights of Way Survey

– Must field locate each edge of adjacent traveling lane

– Only needed if roadway is not Limited Access R/W

Lines of Possession

Water Features

Presentation of Survey


• Table A Item Changes

– Item #6 – Zoning report provided to the surveyor

– Item #11 – No 11a & 11b any longer, only Item 11 (review with the surveyor prior to starting the project)

– Item #18 – Wetland delineated by qualified specialists

– Item #20 – 20a and 20b eliminated, only 20 now #19


• Table A Item changes cont.

– Item #19 – offsite easements to be provided to survey, no longer survey improvements

– Item #20 – Professional Liability Insurance

– Item #21 – Negotiated Items

Types of Surveys and Use

• ALTA/NSPS Land Title Surveys

– Commercial closings

– Refinance

– Building or Site expansion

Types of Surveys and Use cont.

• Boundary Surveys

– Lender free transaction

– Fence construction

– Map or Plat of improvements along the Boundary Lines

Types of Surveys and Use cont.

• ALTA/Topographic Surveys

– Commercial Transaction with new build or expansion

– All features onsite located with vertical and horizontal components (X, Y and Z)

– File to be used for closing

– File to be provided to an engineer for site design

– Underground utilities shown as well